Tech earnings take spotlight this week–but we also get consumer and oil company reports
Hope you like earnings news. This week brings a ton of third-quarter earnings reports with news from Microsoft, Amazon, Meta Platforms, and Alphabet quite capable of moving the entire market. We’ll also get more consumer company (Coca-Cola and Kimberly-Clark for...
PepsiCo beats on earnings, raises guidance
Clearly, inflation isn’t bad for everyone. Not if you have pricing power, anyway. Today, PepsiCo (PEP) reported earnings and sales that a beat Wall Street estimates, and raised its guidance for the next quarter. PepsiCo reported third quarter fiscal 2023...
Exxon Mobil in talks to acquire Pioneer Natural Resources for $60 billion–I’m selling my position on Monday
The Wall Street Journal has reported that Exxon Mobil (XOM) is in advanced talks to buy Pioneer Natural Resources (PXD) in a deal valued at $60 billion. Pioneer currently has a market cap of $55 billion. Throw in the debt that Exxon would be buying and there’s...
Will it work? People’s Bank tries to boost growth without tanking the yuan
The People’s Bank of China cut the amount of cash banks must hold in reserve for the second time this year. The move is an effort to boost flagging economic growth in China. The bank could have cut its benchmark interest rate in pursuit of the same goal. But...
Please Watch My New YouTube Video: Quick Pick Iron Mountain
Today I posted my three-hundredth YouTube Video: Quick Pick Iron Mountain Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years: Free download for subscribers to...
Selling ConocoPhillips on increased Russian oil refinery production
My baseline assumption is that Russia will cheat on its promises to cut oil production whenever and wherever it can. The country is crushed between the need for more oil revenue to finance the war in Ukraine and falling oil prices. The one way out of that dilemma is...
My 10 stocks for a core portfolio–you’ll have to sign up as a member (it’s free) to read the post with all the “why’s” in the Jim’s Extra section of this site
I think a well-constructed portfolio should resemble an onion. (Yes, to continue the analogy, it may make you cry in the short term, but the end result after cooking time is yummy.) At the center of that onion is a core built of stocks with extremely high,...
Your 10 Best Stocks for a Core Portfolio–and the “Why” for each pick
I think a well-constructed portfolio should resemble an onion. (Yes, to continue the analogy, it may make you cry in the short term, but the end result after cooking time is yummy.) At the center of that onion is a core built of stocks with extremely high,...
Rumors swirl around Pioneer Natural Resources again–this time that ExxonMobil is talking about an acquisition
The Wall Street Journal reported Friday, April 7, that Exxon Mobil (XOM) has held talks with Pioneer Natural Resources (PXD) about a possible acquisition. The Journal reported that Exxon also has discussed a potential acquisition with at least one other company as the...
Please Watch My New YouTube Video: Trend of the Week Utilities Are Struggling as Inflation Surges
Today I posted my two-hundred-and-forty-fourth YouTube video: Trend of the Week Utilities Are Struggling as Inflation Surges Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for...
Investors really don’t want Pioneer Natural Resources to acquire another producer
On Friday, shares of Pioneer Natural Resources (PXD) fell on a Bloomberg story reporting rumored talks between the Permian Basin oil shale producer and Appalachian natural gas producer Range Resources (RRC). On Monday shares of Pioneer rebounded as the company denied...
Adding Pioneer Natural Resources to my Dividend Portfolio on 11% annual yield
Wednesday, February 22, Pioneer Natural Resources (PXD) reported better-than-expected adjusted earnings for the fourth quarter of 2022 while revenues came up short of Wall Street estimates. Revenue was still up 18% year-over-year to $5.1 billion. Fourth quarter net...
Intel cuts dividend by 66%, stock drops just 2.26% on the day
So it wasn’t much of a surprise to most investors–although some of us were hoping that Intel (INTC) would hold its dividend steady after a big bond offering in the last few weeks. But today Intel cuts its dividend by 66% to 12.5 cents a share from a prior...
Please Watch My New YouTube Video: Quick Pick Intel
Today I posted my two-hundred-and-thirty-second YouTube video: Quick Pick Intel Today’s Quick Pick: Intel (NASDAQ: INTC). Intel’s revenue and earnings report last week was terrible. It was a classic kitchen sink quarter, where the company laid out all the...
AbbVie raises dividend again–but only by 5%
Once a company has put in the time and money to make the Dividend Aristocrats list, the company isn’t likely to squander that investment just because a recession looms. To make the list–and garner a big chunk of cash from conservative dividend...
I’m selling Dow tomorrow out of my Dividend Portfolio
The November rally was kind to Dow (DOW) with the stock up 10.4% from November 1 through December 1. The shares have given back some of that lately, but I’d still like to book any gains here ahead of a possible recession or at least a further economic slowdown...
Adding BHP to my Dividend Portfolio
You have to do a fair amount of work in rearranging the dividend numbers for BHP (BHP) to understand why this diversified commodities producer made my list of safe dividend stocks paying 6% or more. (Subscribers to my paid JubakAM .com site got the whole list of 5.)...
Coca-Cola: Can you say pricing power?
This morning before the stock market open Coca-Cola reported earnings of 69 cents a share for the third quarter. That was up from 65 cents a share in the third quarter of 2021 and was above the 64 cents a share expected by Wall Street analysts. Revenue of $11.1...
Selling Truist Financial out of my Dividend Portfolio today, Friday, October 14
Yesterday’s CPI inflation number changed everything, right? Nah. The higher-than-expected inflation number for September–a core inflation rate of 6.6%–guaranteed that the Federal Reserve will raise interest rates by 75 basis points at its November 2...
AMD gives disappointing chip guidance again
After the close today October 6, Advanced Micro Devices (NASDAQ) announced that its preliminary estimate of revenue for the third quarter would be just $5.6 billion. That’s well below Wall Street forecasts of $6.71 billion. On the news shares of Advanced Micro...
Please Watch My New YouTube video: Quick Pick Verizon
My one-hundred-and-seventy-fourth YouTube video: “Quick Pick Verizon” went up today. Verizon (VZ) is hated by everybody, but if you’re looking for a high-yield stock (safe but without a whole lot of price appreciation in all probability) with...
Walmart’s warning shrinks pool of safe stocks–Coke and McDonald’s benefit on strong earnings today
With Walmart (WMT) shares down 7.74% as of noon New York time today, July 26, on the company’s warning yesterday about falling revenue, the pool of safe consumer stocks continues to shrink. Which is bad if you owned Walmart or Dollar General (DG), also down...
Selling Citigroup out of my Dividend Portfolio after Friday’s 13% pop
Shares of Citigroup climbed by 13.23% on Friday, July 15, after the company reported earnings of $2.19 a share. Revenue came in at $19.6 billion. Wall Street had projected earnings of $1.689 a share and revenue of $18.4 billion. So it’s not surprising that the...
Please Watch My New YouTube Video: Quick Pick Kimberly-Clark
My one-hundred-and-fifty-second YouTube video “Quick Pick Kimberly Clark” went up today. This week I’m looking at Kimberly-Clark (KMB), a consumer staples producer that I’m sure many of you are familiar with. I think in the coming recession,...
Biting the (Federal Reserve) bullet and selling two yield ETFs out of my Dividend Portfolio
I’ve overstayed my welcome in the Vanguard Short-Term Treasury ETF (VGSH) and the VanEck Preferred Securities ex-Financials ETF (PFXF), but with the Federal Reserve accelerating its interest rate increases, I think selling these two members of my Dividend...
Adding Truist Financial to my Dividend Portfolio
On Friday in my Quick Pick video on YouTube (Have you subscribed yet–why not? It’s free and that way you’ll know when a new video goes up) I said I would add Truist Financial (TFC) to my Dividend Portfolio on Monday. And so I will. My rule of thumb...
Watch my new YouTube Video: Quick Pick Truist Financial
My one-hundred-and-forty-third YouTube video “Quick Pick Truist Financial” went up today. My Quick Pick this week is Truist Financial Corp (TFC), a “super-regional” bank based in the Southeast. Bank stocks have been down recently on rising...
My candidates for gains tomorrow after some of today’s more mindless selling? Coke and Pepsi
Ok, the bad news on profit margins from Target (TGT) was a big deal. No argument. When you’re operating margin falls to 5.37% when Wall Street was projecting 9.5%, it’s a big deal. And after yesterday’s earnings miss from Walmart (WMT), it’s...
My 5 sells for Monday morning
I don’t know if Friday’s bounce will continue into the new week. I think the summer season is likely to be positive for revenue at many companies–travel, airlines, Las Vegas–but I don’t like the longer term fundamentals in the economy....Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!